03.2021: Paragon sells NovumIP, the leading service provider in the field of intellectual property (IP), to the French Questel Group. NovumIP was created in 2019 from the merger of PAVIS and Novagraaf, with the aim of offering customers an even wider range of IP advisory, administration and technology-based services. NovumIP is thus the central point of contact for all needs along the IP value chain. With more than 300 IP specialists, NovumIP manages over 2 million IP rights for +12,000 active customers worldwide.
This strategy complements Questel’s vision of building a fully integrated platform for software and services in the IP sector that addresses the requirements of companies and law firms throughout the IP lifecycle. With the merger of NovumIP and Questel, the globally leading provider of end-to-end IP solutions is now created.
The acquisition is subject to antitrust approval and the approval of German BAFIN.
Centum Capital provides this information as a market news, but has not been involved in the transaction.